Martin Wolf and Raghuram Rajan on democracy’s year of peril
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 16 June 2024
⏱️ 44 minutes
🧾️ Download transcript
Summary
Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. But India, the world’s biggest democracy, bucked the trend with Narendra Modi’s relatively weak election victory in June. In the third of this five-part series, the FT’s renowned economics commentator, Martin Wolf, and Raghuram Rajan, former governor of the Reserve Bank of India, discuss the Indian election results and inherent weaknesses of authoritarian styles of government.
Links:
Martin Wolf column: Fascism has changed, but it is not dead
For Martin’s other FT columns click here
This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.2 | Learn more at equinore. |
| 0:08.2 | At equinore. co-dot UK. |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.5 | It's Mark Filipino here. |
| 0:12.8 | Regular listeners will know that for every Sunday this month, |
| 0:16.4 | the news briefing is going to do something a little bit different. |
| 0:18.9 | We're running a series about the outlook for democracy, |
| 0:22.0 | hosted by the F.T.'s chief economics |
| 0:24.0 | commentator Martin Wolf. He's been talking to leading political thinkers about |
| 0:28.0 | what this year, a pivotal year for democracy, has in store for the liberal democratic system. |
| 0:34.0 | So here goes, Martin Wolf, democracy's year of peril. |
| 0:38.0 | I'm Martin Wolf, chief economics commentator at the Financial Times, |
| 0:43.0 | and you're listening to episode 3 of Democracy's Year of Peril. |
| 0:48.0 | This episode features someone I have known well for many years. |
| 1:00.0 | I believe we first met though I'm not sure when you were at the IMF and I did review a book very positively that you published it about that time. |
| 1:06.0 | Yes, we met around that first book, Saving Capitalism from the Capitalist, which you were kind |
| 1:12.0 | enough to write a review and got us a certain amount of attention. |
| 1:16.8 | That was just before I joined the IMF and then, you know, we actually met physically at the |
| 1:21.5 | IMF and it's been a long and very, very interesting |
| 1:25.2 | friendship since then. Yes indeed. |
| 1:28.8 | Ragharam Rajan is one of the world's leading financial economists. |
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